Merchants Bank, National Association
Total assets
$2.88B
▲ +4.1% YoY
Deposits
$2.50B
▲ +3.7% YoY
Loans
$2.04B
▼ -1.4% YoY
Offices
22
MERCHANTS FINANCIAL GROUP INC
ROA (annualized)
1.23%
peers 1.26%
ROE (annualized)
10.53%
peers 12.17%
Peer comparison 887 banks with 1B-10B in assets
| Metric | This bank | Peer median | Δ |
|---|---|---|---|
| Asset growth (YoY) | +4.1% | +5.5% | -1.3 pts |
| Deposit growth (YoY) | +3.7% | +5.1% | -1.3 pts |
| Loan growth (YoY) | -1.4% | +5.9% | -7.3 pts |
| ROA | 1.23% | 1.26% | -0.0 pts |
| ROE | 10.5% | 12.2% | -1.6 pts |
ROA ranks in the 48th percentile of its peer group · Q2 2026
Profile
- Established
- 1875
- Charter
- OCC
- Primary regulator
- OCC
- Holding company
- MERCHANTS FINANCIAL GROUP INC
- Specialization
- Commercial Lending Specialization
- Address
- 100 E 3rd St, Winona, MN, 55987
- County
- Winona
- Metro area
- Winona, MN
- Offices
- 22
- FDIC cert #
- 8866
- RSSD ID
- 779351
- Latest call report
- Q2 2026
Total assets last 8 quarters
Deposits last 8 quarters
Quarterly financials FDIC call report
| Quarter | Assets | Deposits | Loans | Equity | Net income YTD | ROA | NIM | Nonperforming |
|---|---|---|---|---|---|---|---|---|
| Q2 2026 | $2.88B | $2.50B | $2.04B | $344.2M | $17.9M | 1.23% | 3.65% | 0.41% |
| Q1 2026 | $2.93B | $2.55B | $2.01B | $340.5M | $8.9M | 1.22% | 3.55% | 0.66% |
| Q4 2025 | $2.90B | $2.52B | $2.03B | $335.6M | $34.7M | 1.23% | 3.40% | 0.62% |
| Q3 2025 | $2.82B | $2.45B | $2.04B | $330.0M | $25.1M | 1.20% | 3.35% | 0.73% |
| Q2 2025 | $2.77B | $2.41B | $2.07B | $319.3M | $15.5M | 1.11% | 3.27% | 0.75% |
| Q1 2025 | $2.81B | $2.45B | $2.05B | $314.7M | $7.1M | 1.01% | 3.35% | 0.46% |
| Q4 2024 | $2.78B | $2.43B | $2.09B | $302.9M | $20.6M | 0.78% | 3.48% | 0.48% |
| Q3 2024 | $2.69B | $2.33B | $2.14B | $307.0M | $16.1M | 0.82% | 3.46% | 0.67% |
Loan mix (Q2 2026): real estate $1.54B · commercial $330.9M · consumer $34.8M · securities $482.3M
Ratio pack Q2 2026 · peer medians from 887 institutions
Profitability
| Ratio | Value | Trend (8q) | Peer median | Peer percentile |
|---|---|---|---|---|
Return on assets Annualized net income ÷ assets | 1.23% | 1.26% | 48th | |
Return on equity Annualized net income ÷ equity or net worth | 10.5% | 12.2% | 37th | |
Net interest margin Interest income − interest expense, ÷ assets | 3.65% | 3.70% | 46th | |
Efficiency ratio Operating expense ÷ revenue — lower is leaner | 63.5% | 59.0% | 64th | |
Non-interest income share Fees and other income as a share of total revenue | 00.0% | 00.0% | ||
Cost of funds Annualized interest expense ÷ deposits | 00.0% | 00.0% |
Balance sheet
| Ratio | Value | Trend (8q) | Peer median | Peer percentile |
|---|---|---|---|---|
Loan-to-deposit Loans ÷ deposits (shares). Above ~90% needs funding; below ~60% needs loan demand | 00.0% | 00.0% | ||
Loans-to-assets How much of the balance sheet is lent out | 00.0% | 00.0% | ||
Securities-to-assets Investment portfolio as a share of assets | 00.0% | 00.0% | ||
Cash-to-assets On-balance-sheet liquidity | 00.0% | 00.0% |
Capital
| Ratio | Value | Trend (8q) | Peer median | Peer percentile |
|---|---|---|---|---|
Capital ratio Tier 1 capital (banks) or net worth (CUs) ÷ assets. NCUA well-capitalized line: 7% | 00.0% | 00.0% |
Credit quality
| Ratio | Value | Trend (8q) | Peer median | Peer percentile |
|---|---|---|---|---|
Nonperforming / delinquency Banks: nonperforming assets ÷ assets. CUs: 60+ day delinquent loans ÷ loans | 00.0% | 00.0% | ||
Net charge-off rate Annualized charge-offs net of recoveries ÷ loans | 00.0% | 00.0% | ||
CRE concentration Commercial real estate loans ÷ capital. Regulators flag banks above 300% | 00.0% | 00.0% |
Franchise
| Ratio | Value | Trend (8q) | Peer median | Peer percentile |
|---|---|---|---|---|
Assets per office Branch efficiency; high numbers usually mean digital-first | 00.0% | 00.0% |
11 more ratios, with trends and peer percentiles.
See Pro plan →The full ratio pack is part of CharterBench Pro.
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